Frank C & Mary Esther Bishop Educational Tr

Muscatine, IA
Tax-exempt since Aug. 1996
EIN: 42-6531722

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising Organizations That Cross Categories (NTEE)

Donations to this organization are tax deductible.

Revenue

$135k (2024)

Expenses

$178k (2024)

Total Assets

$3.04M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$135,456

Expenses

$177,522

Net Income

-$42,066

Net Assets

$3,037,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,879	4.3%
Dividends	$90,931	67.1%
Sales of Assets	$38,646	28.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,273	9.2%
Compensation of Officers*	$28,747	16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,037,931
Total Liabilities	$0
Net Assets	$3,037,931

Compensation

Key Employees and Officers	Compensation	Other
Midwestone Bank (Trustee)	$0	$0

990-PF

Filed on March 23, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$1,263,193

Expenses

$28,618

Net Income

$1,234,575

Net Assets

$3,064,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,673	0.7%
Dividends	$80,897	6.4%
Sales of Assets	$1,173,623	92.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,258	53.3%
Compensation of Officers*	$26,718	93.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,064,238
Total Liabilities	$0
Net Assets	$3,064,238

Compensation

Key Employees and Officers	Compensation	Other
Midwestone Bank (Trustee)	$0	$0

990-PF

Filed on Sept. 25, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$147,708

Expenses

$233,556

Net Income

-$85,848

Net Assets

$2,032,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,938	3.3%
Dividends	$71,059	48.1%
Sales of Assets	$65,211	44.1%
Other Income	$6,500	4.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$214,703	91.9%
Compensation of Officers*	$28,806	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,032,898
Total Liabilities	$0
Net Assets	$2,032,898

Compensation

Key Employees and Officers	Compensation	Other
Midwestone Bank (Trustee)	$0	$0

990-PF

Filed on May 3, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$132,250

Expenses

$225,691

Net Income

-$93,441

Net Assets

$2,055,414

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,535	4.9%
Dividends	$80,770	61.1%
Sales of Assets	$37,386	28.3%
Other Income	$7,559	5.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,475	89.7%
Compensation of Officers*	$29,414	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,055,414
Total Liabilities	$0
Net Assets	$2,055,414

Compensation

Key Employees and Officers	Compensation	Other
First National Bank (Trustee)	$0	$0

990-PF

Filed on May 18, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$170,040

Expenses

$181,798

Net Income

-$11,758

Net Assets

$2,151,638

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,043	5.9%
Dividends	$65,333	38.4%
Sales of Assets	$78,056	45.9%
Other Income	$16,608	9.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$167,725	92.3%
Compensation of Officers*	$26,245	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,151,639
Total Liabilities	$1
Net Assets	$2,151,638

Compensation

Key Employees and Officers	Compensation	Other
First National Bank (Trustee)	$0	$0

990-PF

Filed on May 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$101,295

Expenses

$135,952

Net Income

-$34,657

Net Assets

$2,186,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,658	8.5%
Dividends	$71,770	70.9%
Sales of Assets	$4,118	4.1%
Other Income	$16,749	16.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,533	79.8%
Compensation of Officers*	$25,519	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,186,461
Total Liabilities	$1
Net Assets	$2,186,460

Compensation

Key Employees and Officers	Compensation	Other
First National Bank (Trustee)	$0	$0

990-PF

Filed on March 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$129,325

Expenses

$179,403

Net Income

-$50,078

Net Assets

$2,216,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,297	59.0%
Sales of Assets	$31,318	24.2%
Other Income	$21,710	16.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,134	78.1%
Compensation of Officers*	$25,805	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,216,116
Total Liabilities	$0
Net Assets	$2,216,116

Compensation

Key Employees and Officers	Compensation	Other
First National Bank (Trustee)	$25,804	$0

990-PF

Filed on March 21, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$238,842

Expenses

$190,213

Net Income

$48,629

Net Assets

$2,265,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$67,290	28.2%
Sales of Assets	$128,942	54.0%
Other Income	$42,610	17.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$175,865	92.5%
Compensation of Officers*	$25,278	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,265,506
Total Liabilities	$0
Net Assets	$2,265,506

Compensation

Key Employees and Officers	Compensation	Other
First National Bank Of Muscatine (Trustee)	$25,278	$0

990-PF

Filed on Feb. 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$137,973

Expenses

$231,201

Net Income

-$93,228

Net Assets

$2,228,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$71,240	51.6%
Sales of Assets	$16,995	12.3%
Other Income	$49,738	36.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$217,282	94.0%
Compensation of Officers*	$24,595	10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,228,780
Total Liabilities	$0
Net Assets	$2,228,780

Compensation

Key Employees and Officers	Compensation	Other
First National Bank Of Muscatine (Trustee)	$24,595	$0

990-PF

Filed on July 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$167,589

Expenses

$216,306

Net Income

-$48,717

Net Assets

$2,322,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$69,376	41.4%
Sales of Assets	$71,699	42.8%
Other Income	$26,514	15.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$196,114	90.7%
Compensation of Officers*	$25,468	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,322,010
Total Liabilities	$0
Net Assets	$2,322,010

Compensation

Key Employees and Officers	Compensation	Other
First National Bank Of Muscatine (Trustee)	$25,468	$0

990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$406,415

Expenses

$216,771

Net Income

$189,644

Net Assets

$2,370,726

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$67,889	16.7%
Sales of Assets	$311,079	76.5%
Other Income	$27,447	6.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,210	92.4%
Compensation of Officers*	$25,490	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,370,726
Total Liabilities	$0
Net Assets	$2,370,726

Compensation

Key Employees and Officers	Compensation	Other
First National Bank Muscatine (Trustee)	$25,491	$0

990-PF

Filed on June 1, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$111,355

Expenses

$175,133

Net Income

-$63,778

Net Assets

$2,181,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$62,170	55.8%
Sales of Assets	$24,779	22.3%
Other Income	$24,406	21.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$161,441	92.2%
Compensation of Officers*	$23,883	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,181,103
Total Liabilities	$0
Net Assets	$2,181,103

Compensation

Key Employees and Officers	Compensation	Other
First National Bank Muscatine (Trustee)	$23,883	$0

990-PF

Filed on May 13, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$69,241

Expenses

$154,592

Net Income

-$85,351

Net Assets

$2,259,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$62,796	90.7%
Sales of Assets	$6,441	9.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$141,117	91.3%
Compensation of Officers*	$22,494	14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,259,661
Total Liabilities	$1
Net Assets	$2,259,660

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$65,294

Expenses

$165,885

Net Income

-$100,591

Net Assets

$2,329,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$57,778	88.5%
Sales of Assets	$7,513	11.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$154,982	93.4%
Compensation of Officers*	$17,145	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,329,825
Total Liabilities	$0
Net Assets	$2,329,825

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated January 26, 2026

Frank C & Mary Esther Bishop Educational Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $135k (2024)

Expenses $178k (2024)

Total Assets $3.04M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$135k (2024)

Expenses

$178k (2024)

Total Assets

$3.04M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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